Unclear how to associate a business tag with a business in Version 8.4.2 (Build 804.59835.100)
I'm in Quicken subscription for Mac Version 8.4.2 (Build 804.59835.100). I have two existing businesses (rental properties). I cannot figure out how to create a business tag for each of my rental properties so that I can tag transactions accordingly. Similar for if I create categories/subcategories for each business - I'm not seeing a way to formally link them for reporting. What am I missing? Thanks!
Best Answer
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Perhaps to clarify something you wrote: tags are not assigned to a business. Tags are assigned to transactions, and tags are not unique to one business or another.
Since you have Business & Personal though, and have set up two separate businesses, you may not need tags to associate transactions with the appropriate business. Do you have the Business and Client fields visible in your account registers? If you have an expense for Business A, you'd enter Business A in the Business field of the transaction. That's how you assign a transaction to a business, not with tags.
So if I had a purchase at Home Depot which I wanted assigned to my business Acme Consulting Co, it might look like this:
Does that make sense? If not, it might help if you explained in words a few transactions which you're trying to enter and we can hopefully point you in the right direction.
(You might at some point have a use for tags if you have specific projects where you need an additional dimension to group income or expenses for reporting. For example, if you're doing a bathroom renovation in both of your properties, you might create a Renovation tag and add it to all the expense transactions related to the renovation, so you could easily do a report of just renovation project expenses, across both properties or individually by Business.)
Quicken Mac Subscription • Quicken user since 19931
Answers
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Just to clarify, are you using Quicken Business & Personal, or the non-business Deluxe or Premier?
For simple tagging, you just create a tag (Window > Tags). Make sure you have the Tags column visible in your register(s). Then just enter the tag on your transactions or transaction splits as appropriate. I would NOT create separate categories/subcategories for each business; that's exactly what tags are for.
Perhaps if you describe what you're doing and what you're not able to see or do, we can help further.
Quicken Mac Subscription • Quicken user since 19930 -
Under "About," it says Quicken Classic Business & Personal Version 8.4.2 (Build 804.59835.100). I'm using a Mac. I have two rental properties, and have setup each as a separate business per recommendations for how to optimize with Quicken. I'm trying to assign transactions to each business. There are lots of posts about creating a business tag that is assigned to the business, so that the tag can be used on transactions and everything populates correctly for the business and associated reporting. I cannot find the steps do that in my version the way it's described in these forums. I don't see a way to formally connect a business tag to a business. I don't get the purpose of creating a separate business if I have to use tags that aren't even associated with the business. I feel like I'm missing something and documentation just hasn't been updated with the latest release or something?
Here are the links I was using that aren't adding up:
[Edited - Enabled Links]
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Hello @lhatx49,
To clarify, both of the articles you linked are help articles for Quicken for Windows, not Quicken for Mac. That is why the information in those articles doesn't add up. For information about setting up tags in Quicken for Mac, please see this article:
I hope this helps!
Quicken Kristina
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Perhaps to clarify something you wrote: tags are not assigned to a business. Tags are assigned to transactions, and tags are not unique to one business or another.
Since you have Business & Personal though, and have set up two separate businesses, you may not need tags to associate transactions with the appropriate business. Do you have the Business and Client fields visible in your account registers? If you have an expense for Business A, you'd enter Business A in the Business field of the transaction. That's how you assign a transaction to a business, not with tags.
So if I had a purchase at Home Depot which I wanted assigned to my business Acme Consulting Co, it might look like this:
Does that make sense? If not, it might help if you explained in words a few transactions which you're trying to enter and we can hopefully point you in the right direction.
(You might at some point have a use for tags if you have specific projects where you need an additional dimension to group income or expenses for reporting. For example, if you're doing a bathroom renovation in both of your properties, you might create a Renovation tag and add it to all the expense transactions related to the renovation, so you could easily do a report of just renovation project expenses, across both properties or individually by Business.)
Quicken Mac Subscription • Quicken user since 19931
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